MAE 0.00% 0.0¢ marion energy limited

snouts in the trough- 1/10th relist value, page-5

  1. 739 Posts.
    Hey Merleredneck,

    What do you mean by FD script?

    Not familiar with the term.

    The asset has to be worth around $50 to $75 million, current market cap 7.5million, IMHO, maybe more based on current gas prices.

    If wells produce at 1 to 3 mmcfgd as per original claims.

    If gas flows are good before re listing then, after a 10 for 1 consolidation may open at 30c to 50c.

    Will be some shareholders who just want to get there money out, so that might be the time to average down.
 
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